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Zynga cuts 2014 forecast, delays various gaming titles

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The Zynga logo is pictured at the company's headquarters in San Francisco
Thomson Reuters

By Malathi Nayak

SAN FRANCISCO (Reuters) - Zynga Inc on Thursday reported unexpectedly weaker second-quarter bookings, and slashed its 2014 forecast after saying it had delayed several games including a revamped version of "Zynga Poker."

Shares in the San Francisco-based mobile gaming company, known for the "FarmVille" game, were down 9 percent in after-hours trading on the Nasdaq after ending Thursday's session up 13 cents at $2.92.

In an interview with Reuters, Zynga Chief Executive Officer Don Mattrick said the company had examined its new product pipeline and "decided that the best choice for the medium and the long term was to move that revenue effectively from 2014 to 2015."

"Moving revenue is on one hand is clearly discouraging ....but we are being consistent against our lens of medium- to long-term choices for the benefit of customers and shareholders," Mattrick said.

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Advertentie startte op: 13 Sep, 2017 - 17:13
Uw advertentie is gesloten: 16 Sep, 2017 - 17:13
Advertentie ID: 6080